Welcome to our dedicated page for Uniti Group news (Ticker: UNIT), a resource for investors and traders seeking the latest updates and insights on Uniti Group stock.
Uniti Group Inc (NASDAQ: UNIT) maintains this dedicated news hub for tracking developments in its telecommunications infrastructure business and strategic initiatives. As a specialized REIT transitioning into integrated telecom services through its Windstream merger, this page provides investors and industry observers with timely updates on fiber network expansions, enterprise partnerships, and residential service developments.
Our curated news collection offers essential insights into UNIT's evolving business model, including quarterly earnings reports, infrastructure investment announcements, and regulatory filings related to its 140,000+ route mile fiber network. Users will find analysis of the company's dual focus on enterprise fiber leasing and emerging consumer telecom markets.
The resource prioritizes factual reporting on network expansion milestones, contract renewals with hyperscale customers, and integration progress with Windstream's residential services. All content undergoes strict verification to ensure compliance with financial disclosure standards while maintaining accessibility for both professional analysts and infrastructure investment newcomers.
Bookmark this page for consolidated access to UNIT's corporate communications, including SEC filings, merger-related updates, and technology deployment announcements. Regular updates ensure stakeholders remain informed about this strategic player in Southeast US telecom infrastructure development.
Uniti Group reported Q3 2024 results with consolidated revenues of $292.2 million and net income of $12.2 million. The company achieved $0.33 AFFO per diluted share and Adjusted EBITDA of $235.3 million with margins of 81%. Uniti Fiber contributed $69.3 million in revenues while Uniti Leasing added $222.9 million. The company updated its 2024 outlook with revenue projections of $1,157-$1,177 million. The company maintains strong liquidity with $529.1 million in cash and undrawn credit, while reporting a leverage ratio of 6.05x. Progress continues on the planned Windstream merger, expected to close by H2 2025.
Uniti Group Inc. (Nasdaq: UNIT) has secured a new 20-year contract with a major hyperscale customer in Montgomery, Alabama. This agreement involves the construction of 90 route miles of new multi-conduit systems and high-strand count fiber cables. The infrastructure will connect key data centers and points-of-presence in a ring configuration within the Montgomery metropolitan area.
The project will enable long-haul routes to connect to the metro infrastructure from all directions, including the recently announced route between Mobile and Montgomery. Delivery of the fiber rings is expected to occur throughout late 2025 and early 2026. Uniti's President of Wholesale & Strategic Accounts, Greg Ortyl, highlighted the growing demand for AI-optimized infrastructure and Uniti's operational presence in areas with suitable land and power availability.
Uniti Group Inc. (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, will deliver the keynote presentation at the 2024 INCOMPAS Show. The presentation is scheduled for October 21, 2024 at 8:45 AM MDT / 10:45 AM EDT in Denver, CO.
Any materials used during the keynote presentation will be made available on Uniti's Investor Relations website at investor.uniti.com under the Events & Presentations tab. This announcement highlights Uniti's participation in a significant industry event, potentially providing insights into the company's strategies and outlook.
Uniti Group Inc. (Nasdaq: UNIT) has announced its plans to release its third quarter 2024 financial results before the Nasdaq Stock Exchange opens on October 31, 2024. The company will host a conference call at 8:30 AM Eastern Time on the same day to discuss the earnings report. Interested parties can participate in the call via webcast on Uniti's Investor Relations website or by telephone through registration on the website. A replay of the call will be available on the Investor Relations website for those unable to attend the live event.
Uniti Group Inc. (Nasdaq: UNIT) announced the pricing of $800 million in new 8.250% Senior First Lien Notes due 2031 by Windstream subsidiaries. The indenture will allow for the collapse of Uniti's and Windstream's debt silos upon the closing of their planned merger. Concurrently, Windstream agreed to a $500 million incremental first lien term loan facility. Windstream will amend its credit agreement to permit the post-closing reorganization.
The offerings are expected to close on October 4, 2024. Windstream plans to use the proceeds to repay and refinance certain loans, and potentially invest in network expansion, including accelerating its Kinetic fiber-to-the-home buildout. The refinancing and amendments provide a clear path to collapsing the dual debt silos upon merger closing, strengthening Windstream's position in the residential fiber market.
Uniti Group Inc. (Nasdaq: UNIT) announced the successful completion of Windstream's consent solicitation to amend the indenture governing their 7.750% Senior Secured Notes due 2028. The amendments allow for the consolidation of Windstream and Uniti's debt into a single silo capital structure following their planned merger. This change is expected to result in a simplified capital structure and remove perceived overhangs related to current master lease agreements.
The amendments modify covenants to permit the post-closing reorganization, align collateral packages, and grant authorizations to implement changes. The merger is expected to close in the second half of 2025, subject to customary conditions and regulatory approvals. The implementation of these amendments is not a condition for closing the merger, and Uniti's outstanding indebtedness terms will not change as a result.
Uniti Group Inc. (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, will be presenting at the RBC Capital Markets 2024 Global Communications Infrastructure Conference. The presentation is scheduled for September 25, 2024, at 10:50 AM CDT / 11:50 AM EDT in Chicago, IL.
Investors and interested parties can access a live webcast of the event through Uniti's Investor Relations website at investor.uniti.com. The webcast will also be available for replay for a time after the presentation concludes, providing an opportunity for those unable to attend live to catch up on the information shared.
Uniti Group Inc. (Nasdaq: UNIT) has announced its participation in the Deutsche Bank 32nd Annual Leveraged Finance Conference. The company's Senior VP, CFO, and Treasurer, Paul Bullington, along with VP of Investor Relations & Treasury, Bill DiTullio, are set to present on September 24, 2024, at 8:40 AM MST / 11:40 AM EDT in Scottsdale, AZ.
Investors and interested parties can access a live webcast of the presentation through Uniti's Investor Relations website at investor.uniti.com. The webcast will be available for replay for a time after the event, providing an opportunity for those unable to attend live to catch up on the presentation.
Uniti Group Inc. (Nasdaq: UNIT) has secured a new 20-year contract with a major hyperscale customer in Alabama. The project involves constructing a 200+ route mile long-haul fiber network connecting new data centers optimized for Generative AI. Uniti will build a multi-duct fiber system with high-count cables between Montgomery and Mobile, AL, creating a diverse path and allowing interconnection to other regional and long-haul routes.
This contract, executed in Q2, demonstrates Uniti's strong momentum in the hyperscale segment. The company plans to deliver these fiber routes in 2025. Over recent years, Uniti has invested over $300 million in Alabama, building nearly 4,000 fiber route miles. The company also received 'Alabama Middle Mile' grant funding to enhance route diversity throughout the state.
Uniti Group Inc. (Nasdaq: UNIT) has announced its participation in the Citi 2024 Global TMT Conference on September 5, 2024, in New York, NY. The company will be represented by Paul Bullington, Senior Vice President, Chief Financial Officer and Treasurer, and Bill DiTullio, Vice President of Investor Relations & Treasury.
This event provides an opportunity for Uniti to engage with investors and industry professionals. Any materials presented at the conference will be made available on Uniti's Investor Relations website under the Events & Presentations tab. This participation underscores Uniti's commitment to maintaining open communication with its stakeholders and showcasing its position in the telecommunications infrastructure sector.
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